Volkswagen to boost car sales in RussiaMarch 22, 2012 - 15:32 AMT PanARMENIAN.Net - Germany’s major car manufacturer Volkswagen plans to raise its sales on the Russian market by ten to 15 percent to 250,000 cars a year, Director General of the Volkswagen Rus Group Marcus Osegowitsch said, according to ITAR-TASS. In 2011, the company sold 233,000 cars of the German brand in Russia, he said. In April-May, Volkswagen will make a decision on the construction of an engine plant, Osegowitsch told reporters on the sidelines of the 15th conference titled “Russian Automobile Forum.” An he noted, the company has to decide between four regions of Russia as future construction sites. Based on earlier reports, Volkswagen’s engine plant may be built in the Kaluga or the Nizhny Novgorod region. Top stories Yerevan has dismissed Turkey’s demand to shut down the Armenian nuclear power plant as “inappropriate”. Armenia will loan 2.9 billion drams to Nagorno Karabakh (Artsakh), according to a draft government decision. The Ministry of Ecology and Natural Resources of Azerbaijan has “strongly condemned” Armenia’s decision. Kerobyan has said that for the first time in the history of Armenia, the volume of foreign direct investments amounted to about $1 billion. Partner news | Concept to complete Yerevan Cascade discussed at city hall A conceptual proposal to complete the Cascade complex in downtown Yerevan has been presented by Jean-Michel Wilmotte. Pashinyan visits flood-hit region Armenian Prime Minister Nikol Pashinyan on Saturday, June 8 visited the disaster area in the Lori province. €3.5 mln EU grant to support justice reforms in Armenia The European Union has paid €3.5 mln grant to Armenia within a €11mln program on Support to Justice Reforms. Yerevan reacts to Baku’s proposal to see Minsk Group abolition Alen Simonyan has declared that Armenia is taking steps aimed at concluding a peace treaty with Azerbaijan. |